Tag Archives: pmi

Private mortgage insurers have friends in high places

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House lawmakers ask SEC not to hinder a system that private mortgage insurers have used to transfer nearly $68 billion in risk since 2015. Continue reading →

Essent scooping up Finance of America’s title businesses for $100M

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The struggling lender’s pivot to reverse mortgages creates an opportunity for the big private mortgage insurer to acquire Agents National Title and Boston National Title. Continue reading →

NAR: New Fannie and Freddie mortgage fees will hit middle class

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Mortgage giants’ federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases. Continue reading →

Credit union invites members to back zero-down mortgages

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Blue Federal Credit Union is partnering with real estate agents to find creditworthy borrowers for creative “no-money-down” mortgage program. Continue reading →

Staircase automates underwriting of private mortgage insurance

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MI Underwriting tool pulls documents and data directly from lenders, allowing mortgage insurers to make instant policy decisions at half the cost. Continue reading →

Housing affordability races toward levels not seen since 2006 bubble

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If mortgage rates rise by another half a percentage point — or if home prices go up another 5 percent — affordability will hit the worst levels on record, Black Knight warned on Monday. Continue reading →

Mortgage insurer Enact’s IPO is back on track

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With investors showing renewed confidence, Genworth Financial is ready to move forward with plans to sell part of its mortgage insurance subsidiary in an initial public offering. Continue reading →

Private mortgage insurer National MI integrates with Mortgage Coach

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Borrowers putting less than 20 percent down can choose between FHA, VA or USDA-backed mortgages, or take out private mortgage insurance to qualify for a mortgage that meets the requirements of mortgage giants Fannie Mae and Freddie Mac. Continue reading →

Genworth postpones IPO of its mortgage insurance business

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Citing volatile trading in shares of mortgage insurers, Genworth Financial has postponed plans to sell off part of its mortgage insurance subsidiary in an initial public offering. Continue reading →